$61,000 Is Bitcoin’ Line In The Sand For ETF Demand To Remain Steady, Says Analyst
CryptoQuant founder and CEO Ki Young Ju, on Monday highlighted that demand for Bitcoin spot ETFs has been robust, with significant net inflows at price levels above $61,000.
What Happened: According to Young Ju, the sustainability of this trend hinges on Bitcoin (CRYPTO: BTC) maintaining its price above this key threshold.
“As long as the BTC price holds above $61,000, ETF demand should remain steady, in my opinion,” he stated in a post on X on Monday.
QCP Capital provided additional context on the market’s current state, emphasizing caution amid political uncertainty, stating that vice president Kamala Harris and former president Donald Trump are locked in a tight race as odds on Polymarket have moved closer to actual poll estimates.
While Polymarket odds currently favor Trump …
About The Author
